{"url":"https://etfiq.com/compare/leverage/skhq-vs-skhx","section":"compare","title":"SKHQ vs SKHX: Leverage, Returns & Decay | ETFIQ","description":"SKHQ sets out to return -2 times SKHY each day and SKHX +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.3 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKHQ or SKHX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKHX finished 11.8 points from its own, so SKHQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SKHQ and SKHX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHQ at -2 times and SKHX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHQ or SKHX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHQ\u2019s moved at 55% annualized and SKHX\u2019s at 78%, so SKHX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKHQ or SKHX for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year\u2019s move; after a fall and recovery it is lower."}},{"@type":"Question","name":"Which is cheaper, SKHQ or SKHX?","acceptedAnswer":{"@type":"Answer","text":"SKHQ charges 0.99% a year and SKHX charges 0.75%, so SKHX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"SKHQ vs SKHX","item":"https://etfiq.com/compare/leverage/skhq-vs-skhx"}]},{"@type":"WebPage","name":"SKHQ vs SKHX: Leverage, Returns & Decay","description":"SKHQ sets out to return -2 times SKHY each day and SKHX +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.3 pts away.","url":"https://etfiq.com/compare/leverage/skhq-vs-skhx","dateModified":"2026-10-21","abstract":"Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHX 0.9 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SKHQ and SKHX","description":"SKHQ sets out to return -2 times SKHY each day and SKHX +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.3 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhq-vs-skhx","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7327,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHQ vs SKHX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHQ vs SKHX: Leverage, Returns & Decay\n\n Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHX 0.9 points short.\n Copy this for sharing \n \n SKHX costs 0.24 points a year less; SKHX is far larger, $73m against $418,250.\n SKHQ and SKHX at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHQ SKHX \n Expense ratio 0.99% 0.75% \n Net assets, as of Oct 20, 2026 $418,250 $73m \n What it tracks SK Hynix (from its own objective) SK Hynix (from it","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SKHQ against SKHX, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhq-vs-skhx","a":{"ticker":"SKHQ","name":"Leverage Shares 2X Short Sk Hynix Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the month to Oct 21, 2026, SKHQ returned 58.7%, against 59.1% for twice the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skhq","key_facts":[{"label":"What SKHY did","value":"\u221224.2%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What \u22122 times a day gives","value":"+59.1%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"+58.7%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22122 times a day","value":"\u22120.4 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$418,250","as_of":"2026-10-20","source":"issuer page, as of Oct 20, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"b":{"ticker":"SKHX","name":"Leverage Shares 2X Long SK Hynix Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKHX lost 38.4%, against \u221235.3% for twice SKHY's daily moves.","url":"https://etfiq.com/funds/skhx","key_facts":[{"label":"What SKHY did","value":"\u221213.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"\u221235.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u221238.4%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22123.1 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$73m","as_of":"2026-10-20","source":"issuer page, as of Oct 20, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-07-29","source":"497 XBRL, Jul 29, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/skhq-vs-skhx"}